The crypto world has been abuzz since the growing popularity of Artificial Intelligence (AI) tools, with several new emerging tokens boasting AI related utility hitting the market in the last few months. Amongst AI platforms, Sam Altman’s OpenAI, creator of ChatGPT, has played an important role in the recent AI trend, and it's no surprise that the company has recently launched its very own crypto token dubbed Worldcoin.
In this detailed article and ultimate guide, we will discuss Sam Altman OpenAI’s new crypto Worldcoin, and bring you insightful details on this new crypto coin based on firsthand information from their official website, the Worldcoin whitepaper, as well as information pertaining to news and controversy surrounding the new Worldcoin crypto. This article will also discuss other interesting newcomers such as ApeMax, an innovative new coin with state-of-the art tokenomics.
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What is Worldcoin?
Worldcoin (WLD) is a new cryptocurrency launched by Sam Altman, CEO of OpenAi (ChatGPT), and his co-founder Alex Blania. The purpose of Worldcoin is to create a new form of privacy-preserving digital identity referred to as World ID through which a user can authenticate that they are human and unique, and not bots or AIs. This new “proof of personhood” concept relies on the World App as well as a purpose-built hardware component to verify human biometrics referred to as “the Orb”.
What is the new crypto coin ApeMax?
ApeMax is a new innovative cryptocurrency with unique boost-to-earn tokenomics. With ApeMax, token holders can boost or stake entities they like and potentially earn rewards. The ApeMax presale is now open to eligible buyers for a limited time. ApeMax combines cutting-edge and fun utility with the enthusiasm and dynamism of meme coin culture. With its astronaut ape mascot and fun tokenomics, ApeMax has been generating growing buzz in the crypto space.
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How does Worldcoin Work?
According to Worldcoin’s whitepaper, Worldcoin’s mission is to create a globally-inclusive identity and financial network. The core mission of this new coin is to create a solution to better distinguish human beings from artificial intelligence (AI) bots while maintaining privacy and providing greater transparency. The project’s whitepaper also cites future longer term ambitions, such as their hope to turn Worldcoin into a possible path towards universal AI-funded universal basic income (UBI). In order to achieve this goal, Worldcoin relies on a combination of its World App, a wallet application, as well as the Orb, a physical imaging device.
What are Worldcoin use cases?
The Worldcoin whitepaper identifies several possible applications and use cases for the coin. Firstly, it mentions potential use cases pertaining to owning and sending digital money in a borderless way. Secondly, they indicate that Worldcoin can be used to reduce the prevalence of online bots on social media platforms by more frictionlessly identifying humans and non-humans. Thirdly, the Worldcoin whitepaper also discusses governance use cases such as greater participation in decisions beyond Web3 but extending to the internet as a whole. Worldcoin also discusses incentive alignment and more equitable resource distribution mechanisms as potential new applications to cater to in the future. That being said, it is important to note that the use cases discussed by Worldcoin have yet to be implemented, and that some have voiced skepticism.
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What are Worldcoin Tokenomics?
The Worldcoin (WLD) Token allocation is based on the following split:
- 75% - Worldcoin community
- 13.5% - Tools for Humanity (TFH) Investors
- 9.8% - Initial Development Team
- 1.7% - Tools for Humanity (TFH) Reserve
The figures above are taken from the Worldcoin whitepaper.
What is the Worldcoin controversy?
During a recent video call interview with crypto guide and news outlet Bankless, Alex Blania refused to answer the interviewer’s question surrounding Worldcoin’s token distribution model, instead citing regulatory uncertainty as a reason for not providing more details. This reply seems to have caused some controversy in the crypto world, with influential figures such as crypto lawyer John E Deaton expressing criticism towards Blania and Worldcoin.
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Who is behind Worldcoin?
Worldcoin is a new crypto and AI initiative founded by Alex Bania and Sam Altman, CEO of OpenAi, the company behind popular artificial intelligence tool ChatGPT. Tools For Humanity (TFH) is the company building and manufacturing the Orb, a physical hardware device instrumental to the human verification and identification process at the core of Worldcoin’s mission. Alex Bania is also the co-founder and CEO of TFH, while Sam Altman is the co-founder and chairman of TFH.
What is the Worldcoin Token?
The Worldcoin Token is a new cryptocurrency created by Alex Bani and Sam Altman. This new cryptocurrency is the native token of Worldcoin, a Web3 initiative focussed on distinguishing real human beings from artificial intelligence (AI) bots through their own system of biometric verification and identification known as World ID.
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What is the Worldcoin Orb?
The Orb is described in the Worldcoin whitepaper as a physical imaging device which collects biometric data on users in order to verify that they are unique human beings and not AI bots. In order to be World ID Orb-verified, prospective participants must travel to the premises of Orb Operators, physical in-store locations where they will be able to interact with the Irv and undergo verification. The Orb makes use of many multispectral sensors to verify human uniqueness. Once verification is passed, users will receive their very own Worldcoin Orb-verified World-ID.
Before making any cryptocurrency related decisions or purchases, it is vital to do thorough research and independent due diligence, seek advice from neutral experts, and fully understand the risks. Keep in mind that cryptocurrencies may not be suitable for everyone. All cryptocurrencies have high inherent risks and can be subject to very high volatility. It is worth noting that individuals from the United States, Canada, countries under sanctions, and other blocked countries are not eligible to buy ApeMax coins. Check the official ApeMax website for the full list of blocked countries.
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Disclaimer:
The above is a sponsored post, the views expressed are those of the sponsor/author and do not represent the stand and views of Outlook Editorial.
